- Most Forex traders lose all their money.
- Using the robot posted here in trading Forex does not guarantee success.
- Trading this robot could lead to serious financial loss.
- Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
- This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
- At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
- To trade this robot, you have to understand:
- How to use EA's.
- Moving averages.
- ATR
Intro
This EA is a response to ALoveSupreme's post at http://www.stevehopwoodforex.com/phpBB3 ... 08#p116808
Have a read of the post - the trading system could hardly be simpler. The attached ALS template will place the indi's on your chart.
Inputs
There are inputs for the 50 and 200 sma's and for the ATR and its moving average. I do not know how to calculate thenEMA of ATR, so I have calculated a SMA instead - doesn't make much difference. We might need to code ignoring Sunday candles - we shall see.
The remaining inputs are the usual suspects. Newcomers, read the details in the attached user guide.
Other Bob stuff
It is all there along with the usual other stuff, so read the attached user guide for details. You can combine the above with Slope, Css, RSI2 etc. Take your pick. Use different time frames and play to your hearts content.
The TradingTimeFrame input
This must be the time frame you intend to trade as the EA bases all of its calculations on it. This allows you to change time frames on your chart to view different scenarios without disturbing the bot. The downside of getting this wrong is something you will discover to your cost.
Chart screenshots
The EA can take a picture of your chart when it opens or closes a trade. Use this to post pictures here if you suspect that the EA has not behaved as expected. There is a section of inputs just underneath the minimum pips section, with inputs to turn this featureon/ off and to adjust the height and width of the snap. Files are saved with the name "ChartScreenShot" and the ticket number, when the EA opens or closes a trade. Navigate to the files via File/Open Data Folder/MQL4/Files. Remember to delete these files from time to time to avoid clogging up your disk drive.
Keeping track with iHistory
The attached iHistory indi is the indi I use to keep track of my progress and generate the pictures I post here. Copy it in your platform's Indicators folder. Open a chart you do not trade, add the Blank template to it and drag iHistory onto the chart. It works with the information you have in your History tab. Sometimes it needs reloading before showing any information, especially at the weekends.
In conclusion
Have fun gals and galesses
Setting up your charts
Pay a quick visit to http://www.stevehopwoodforex.com/phpBB3 ... =48&t=3860 and download Art's 'Charts Into Alphabetical Order script'. This script will save you hours of faffing around; instructions for use in the post.
Matters of general interest
Go here to download and run the script that will fill your platform's missing chart history: http://www.stevehopwoodforex.com/phpBB3 ... f=15&t=254
Read this post:
http://www.stevehopwoodforex.com/phpBB3 ... p?f=6&t=78 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration.
Masterly summary of hedging: http://www.forexfactory.com/showthread. ... ost4977179
EA coding
I receive may requests to code EA's. Traders, if I code your EA for free, then I will share it here. If you want me to code your EA without sharing, then my fee is $100 payable into my paypal account. I explain why at http://www.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79, at the bottom of the post.
Useful utilities/EA's/scripts
- Multi purpose trade manager: http://www.stevehopwoodforex.com/phpBB3 ... ?f=21&t=64
- Account equity analyser: http://www.forexfactory.com/showthread. ... ost4709098, which includes a template for both USD and the Euro.
- Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthread. ... ost3830610
- My shell EA – the code I use to produce EA's so quickly. http://www.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79
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